ADD to BW0497, CA-DIGITALTHINK.Business Editors/High-Tech Writers ADD to BW0497 (CA-DIGITALTHINK) after last graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. xxx from time to time with the Securities and Exchange Commission.
DigitalThink Inc.
Statements of Operations
(in thousands, except per share data)
Quarter Ended Year Ended
March 31, March 31,
2000 1999 2000 1999
--------------- ----------------
Revenues:
Delivered Learning fees $ 1,938 $ 349 $ 4,994 $ 1,034
Learning Solution
services 2,389 341 5,821 813
----- ----- ----- -----
Total revenues 4,327 690 10,815 1,847
Costs and expenses:
Cost of Delivered Learning fees 954 285 2,409 855
Cost of Learning Solution
services 1,517 222 3,337 361
Content research and
development 1,307 689 4,082 1,657
Technology research and
development 1,322 290 3,687 1,005
Selling and marketing 4,378 933 11,596 2,970
General and administrative 823 198 2,342 622
Depreciation and amortization 390 82 915 236
Stock-based compensation 1,567 55 3,663 58
------ ------ ------ ------
Total costs and expenses 12,258 2,754 32,031 7,764
------ ------ ------ ------
Loss from operations (7,931) (2,064) (21,216) (5,917)
Interest and other income 706 92 1,055 166
------ ------ ------ ------
Net loss $(7,225) $(1,972) $(20,161) $(5,751)
====== ====== ====== ======
Pro forma basic & diluted net
loss per common share(1) $ (0.24) $ (0.09) $ (0.79) $ (0.34)
====== ====== ====== ======
Shares used in pro forma basic
and diluted net loss per
common share 29,857 21,025 25,412 16,687
Supplemental data:
Adjusted loss applicable to
common shareholders excluding
stock based compensation
charges $ 5,658 $ 1,918 $ 16,498 $ 5,694
Adjusted pro forma basic &
diluted net loss per share(1) $ (0.19) $ (0.09) $ (0.65) $ (0.34)
Shares used in pro forma basic
and diluted net loss per
common share(1) 29,857 21,025 25,412 16,687
(1) Pro forma assumes the conversion of preferred stock into an
equivalent number of common stock at time of issuance.
DigitalThink Inc.
Balance Sheet
(in thousands)
March 31, March 31,
2000 1999
--------- ---------
ASSETS
Current assets:
Cash & equivalents $98,498 $9,455
Accounts receivable 5,322 1,116
Other 792 34
Total current assets 104,612 10,605
------- ------
Property & equipment, net 5,564 698
------- ------
Other assets 0 27
------- ------
Total assets $110,176 $11,330
======= ======
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Deferred revenue $7,035 $1,166
Other 5,261 1,086
----- -----
Total liabilities 12,296 2,252
------ ------
Total stockholders' equity 97,880 9,078
------ ------
Total liabilities and
stockholders' equity $110,176 $11,330
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